Commentary

B6.762 ATED—dwelling conditionally exempt from inheritance tax

Business tax
Business tax | Commentary

B6.762 ATED—dwelling conditionally exempt from inheritance tax

Business tax | Commentary

B6.762 ATED—dwelling conditionally exempt from inheritance tax

If in relation to an SDI1:

  1.  

    (a)     the whole or part of the dwelling has been designated under the IHT rules2 governing buildings of outstanding historic or architectural interest etc

  2.  

    (b)     an undertaking has been made with respect to the dwelling under the IHT rules3 governing conditionally exempt transfers, and

  3.  

    (c)     a transfer of value is exempt from inheritance tax by virtue of that designation and that undertaking,

the taxable value of the SDI on any day is taken to be zero if no chargeable event has occurred with respect to the dwelling in

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